Azeemulhasan
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Dow Jones, Nasdaq 100 forecast: will a 75bps Fed rate hike restore market confidence?
in Market News
A group blog by IG in General
Posted
I expect DJI will drop further before rising again. It is not just inflation concerns but an on going war in Europe also causing fear of escalation. It might hit 29,200 in coming weeks.
I also expect FED will increase just 50bp instead of 75bp widely expected. similarly BoE will increase just 25bp and not 50bp tomorrow, it will probably negatively affect the Mkts.